Mint Business Insights

With Tony Alexander

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Each month, we partner with independent economist Tony Alexander to survey the mood of the national business economy.

April 2023 report highlights:

Increased concerns for interest rates following the Reserve Bank raising the official cash rate 0.5% on April 5 rather than the generally expected 0.25%.

Increased concern for the general outlook of the economy, up from March.

Strong reductions in plans for spending more on remuneration, staff training and workplace culture. Perhaps a nod to easing pressures in the labour market.

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Mint Business Insights April23

About Tony

For many, Tony needs no introduction. As a regular commentator on the state of the national economy, Tony is regularly appearing in media interviews to help make sense of what is happening in our local and global economy.

Tony left his appointment as Chief Economist with BNZ in 2019 to become an independent economist and has made it his purpose to help Kiwis make better decisions for their businesses, investments, home purchases. With all eyes on the economy this year, we partnered with Tony to help our business community prepare for the challenges the shrinking economy will bring.